Published on 21 Jan 2022 on Insider Monkey via Yahoo Finance
In this article, we will discuss the 10 stocks that Izzy Englander has sold in Q3. You can skip our detailed analysis of his hedge fund and recent developments, and go directly to read Billionaire Izzy Englander is Selling These 5 Stocks.
Israel Englander is one of the most prominent hedge fund managers of all time. In 1989, he started Millennium Management with $35 million in seed money. Over the years, the firm has grown into one of the top hedge funds, currently managing over $57 billion in assets. Englander’s real-time net worth stands at $10.5 billion.
Izzy Englander’s Millennium Management emerged as a winner in 2020, as the hedge fund brought in a total of $10.2 billion for its investors. Englander’s personal earnings amounted to $3.8 billion, which made him the top earner amongst the 25 highest-paid hedge fund managers. The simple strategy of quantitative analysis allowed him to deliver solid returns to shareholders since the inception of his hedge fund. The firm’s annual average return stands at 13.7%. In 2020, it delivered its best performance in 20 years, gaining 26%.